Telesat learned this morning that the Soyuz 2 launch vehicle that was to place 19 spacecraft into orbit, including Telesat’s first Phase 1 LEO satellite, has failed.

Notwithstanding this failure, Telesat’s plans to develop a state-of-the-art, high capacity LEO constellation that will deliver transformative, low latency, fiber-like broadband to commercial and government users worldwide, remain on track. A second Phase 1 LEO satellite is scheduled for launch in the coming weeks on ISRO’s Polar Satellite Launch Vehicle (PSLV) from the Sriharikota launch site.

About Telesat (www.telesat.com)

Telesat is a leading global satellite operator, providing reliable and secure satellite-delivered communications solutions worldwide to broadcast, telecom, corporate and government customers. Headquartered in Ottawa, Canada, with offices and facilities around the world, the company’s state-of-the-art fleet consists of 15 GEO satellites, the Canadian payload on ViaSat-1, and two new GEO satellites under construction. An additional LEO satellite is now being readied for launch as part of Telesat’s plans to deploy an advanced, global LEO satellite constellation offering low latency, high throughput broadband services. Telesat is also a leading technical consultant providing high value expertise and support to satellite operators, insurers and other industry participants on a global basis. Privately held, Telesat’s principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL).